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Investment in Capital Goods Is One Way to Increase the Standard

Question 1

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Investment in capital goods is one way to increase the standard of living in the future.Investment in capital goods, however, means that we must forgo consumption today.One of the trade-offs facing an economy is consumption today and consumption in the future.The following table presents such a trade-off.With this information we know that the opportunity cost of which of the following is the greatest? Investment in capital goods is one way to increase the standard of living in the future.Investment in capital goods, however, means that we must forgo consumption today.One of the trade-offs facing an economy is consumption today and consumption in the future.The following table presents such a trade-off.With this information we know that the opportunity cost of which of the following is the greatest?   A) increasing current consumption from 750 to 800 B) increasing current consumption from 650 to 750 C) increasing current consumption from 600 to 650 D) increasing current consumption from 550 to 600


A) increasing current consumption from 750 to 800
B) increasing current consumption from 650 to 750
C) increasing current consumption from 600 to 650
D) increasing current consumption from 550 to 600

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